• Further New Features Are Available - Click To Update

  • Join OxVox

    The forum would encourage all members to consider joining OxVox during this important moment in our history. See here for more information.

General The Board & Senior Management

 
Last edited by a moderator:
PottersRightBoot said:
There is a total failure to communicate by the club; it’s unacceptable. We’re not asking for every sub clause of the new investor agreement ffs , just some sort of progress update.

A lot of people shell out a lot of disposable income up front before a ball is kicked. This is ridiculous ‘customer service’; possibly the worst I’ve seen over my near 60 years of supporting the club.

Worse than Kassam.
Click to expand...
The trouble is we've sold 7,000 tickets at £400 per ticket that £2-8 million Erik has lost £70 million in 3 years he's not listening to any fans this really could be worst than Maxwell those years after we're horrible, it reminds me of a good friend years ago who always said when his golf was bad iam in the tunnel and I can't see a light at the end of it ,we are well and truly in a bloody long tunnel.
 
OnlyOneUnited said:
As pissed off as I am right now, I don't think the Kassam scenario can happen again. I'm led to believe that part of the condition of the land lease from the council means the club and stadium must remain togther, with only a peppercorn rent charged.

This question was asked of Niall at the time and he gave assurances, and I believe @Colin B confirmed as much too.
Click to expand...
Ah. Well in that case, I'm afraid I fear the worst. If he had any half decent explanation for all this, TW wouldn't have gone missing. The only thing that doesn't make sense is that ET suddenly pulled the plug after such heavy investment. But then, that is exactly what Chansiri did at Sheffield Wednesday and (many years ago) what Sam Hammam did to Wimbledon. The fact that no-one can get an answer from anyone at OUFC is very bad news.
 
Northernyellow said:
Ah. Well in that case, I'm afraid I fear the worst. If he had any half decent explanation for all this, TW wouldn't have gone missing. The only thing that doesn't make sense is that ET suddenly pulled the plug.
Click to expand...
But suddenly pulling the plug renders his investment worthless.

What we need to know is whether they still intend to start the stadium.
 
werthersoriginal said:
But suddenly pulling the plug renders his investment worthless.

What we need to know is whether they still intend to start the stadium.
Click to expand...
It does, but maybe he's just had enough. Happens all the time in business, especially with private equity backed businesses. Which- effectively- this is..if they can't split the Stadium from the football club, then personally (and I obviously hope I'm talking rubbish) I think it sounds like very bad news indeed. Probably terminal for the club in its current form. There clearly isn't another buyer lined up, or he wouldn't have suddenly stopped funding.
 
I've lurched between incredulity, disbelief, anger, cynicism, you name it over the last few days.
As time goes by, my mind is settling more toward the realisation and acceptance that this is a deep, existential crisis that we once again face.

From the hope and the highs of the last couple of seasons to this, to potentially having to mobilise to fight for the very survival of the club we all love again, just as we did at the turn off last century.
It all seems very unfair.

This time, though, it's deeper. This time around I'm a Father, and OUFC is a shared passion, a mutual love that defines the bond between me and my eldest son. The son that has had such an appalling two years of ill -health and family disruption. The son that sees our time together traveling the country following our beloved football team as our time to forget, to release.

I can't bear the thought of not having OUFC in our lives and all it means to us. Please don't let this happen to our wonderful club.
 
Is there a possibility we don't even start the season?
This sounds horrific
 
I’m sorry Mate.

It is a must listen. I reckon the loss for the year to June 30th 2026 to be around £20m. That would take the amount the club owes to its owners to around £75m-£80m.

If Erick pulls the plug we go into Administration and the shareholders lose everything but who would buy a business that loses money , is worthless and has nowhere to play in two years time?

It looks very much existential.
 
Last edited:
Listening to the podcast, I don't think my assessment from Saturday is that far wide of the mark.

Below was my explanation based on a deficit of £5m. Charlie got his sums wrong. We can use 65% of income, so revenue of £10m puts £6.5m in the pot. Our expenditure I believe was estimated at around £13m but will be lower with the release of Prelec and Romeny (and maybe others). Lets say that the difference is £6m, then the figures below are still fairly consistent with our situation.

Scotchegg said:
To put this into hypothetical monetary terms based on an existing deficit of £5m.

With the stadium, the deficit between income and expenditure is reduced from £5m to £2m with some existing costs offset against losses. £10m from external investors pays for groundwork and first phase of the stadium build, and Erick can put £5m of his money into the club to clear remaining deficit and fund transfer window.

Without the stadium, the deficit remains as it is and Erick would need to put in £10m from his own pocket just to cover the deficit alone, and a further £3m for transfer dealings etc. And this is on top of the existing day to day running of the club which is far from cheap. £8m might not sound a lot in the world of mega rich football owners, but accessing that money, and moving it through international banking systems as a lump sum is far from easy.
Click to expand...

I appreciate that no one knows, and more information is long overdue and I hope OxVox get more out of Tim/Dusan tonight.

But I think that talk of an existential threat is a little premature, although the figures without any explanation doesn't look good.
 
Last edited:
Perhaps clutching at straws here, but the Ramsey appointment, bizarre as it was, must surely have come as part of some kind of longer term plan.

If the owner was planning on turning off the tap and walking away, why on earth make a high profile football side intervention (that will have come with its own cost attached). Equally, surely these financial issues can't have come to a point since the appointment?
 
Carlislehotdog said:
Perhaps clutching at straws here, but the Ramsey appointment, bizarre as it was, must surely have come as part of some kind of longer term plan.

If the owner was planning on turning off the tap and walking away, why on earth make a high profile football side intervention (that will have come with its own cost attached). Equally, surely these financial issues can't have come to a point since the appointment?
Click to expand...
And relegation was hardly unforeseen. They must have been modelling for that. However he could simply have changed his mind about the whole thing, or been stymied by developments elsewhere in his businesses.
 
Carlislehotdog said:
Perhaps clutching at straws here, but the Ramsey appointment, bizarre as it was, must surely have come as part of some kind of longer term plan.

If the owner was planning on turning off the tap and walking away, why on earth make a high profile football side intervention (that will have come with its own cost attached). Equally, surely these financial issues can't have come to a point since the appointment?
Click to expand...
Or was part of planned new investment that hasn’t materialised
 
If ET walks and we go into administration this looks all very bad on ET.

Also why hire Ramsey, a PR appointment!

It would all look very very bad on ET.
 
Ryan Wintle was lined up just one week ago to sign for us because of Ramsey and working with him at Cardiff.
We had the boy from Cheltenham lined up too.

Wintle waited and waited and finally joined MK Dons today.

Rumours of the Embargo emerged a week ago.
 
Thomas/Brock/Jones said:
Remember...don't have nightmares
Click to expand...
I really wish I didn't listen to that podcast, I obviously knew how much we are reliant on ET but I guess I preferred to bury my head in the sand and hope. The rise in build costs for the stadium is the killer as we then don't have a way out of the hole.

As fans I'm not sure we could have done anything to stop the club going this way.
 
Scotchegg said:
Listening to the podcast, I don't think my assessment from Saturday is that far wide of the mark.

Below was my explanation based on a deficit of £5m. Charlie got his sums wrong. We can use 65% of income, so revenue of £10m puts £6.5m in the pot. Our expenditure I believe was estimated at around £13m but will be lower with the release of Prelec and Romeny (and maybe others). Lets say that its £6m, then the figures below are still fairly consistent with our situation.



I appreciate that no one knows, and more information is long overdue and I hope OxVox get more out of Tim/Dusan tonight.

But I think that talk of an existential threat is a little premature, although the figures without any explanation doesn't look good.
Click to expand...
Has anyone from
FAB spoken to
The management?
 
I haven't listened to Charlie's podcast.

Does he suggest that it's potentially the end of the club if Thohir stops funding us? Because if so then that's not really a shrewd enough insight to shatter the EDM meme that pops up in my head every time I see his name.
 
greatunclekip said:
Making such a balls up of staying in the championship is what’s cost us. We gambled, it didn’t come off, but if it had we wouldn’t be in this position.
Click to expand...
And the January gamble was f*****g shite!

We’ve done exactly the same as we did when Kassam arrived, listened to others that said all was rosey and there was nothing to be worried worry about, and hoped that all would be ok, but it’s hope that become hopeless and kills you in the end.
 
You must log in or register to reply here.

Similar Threads

Sarge
General Post Match, Post Season Board Gathering
Replies
12
Views
5K
Mellowyellow
Mellowyellow
Mellowyellow
  • Poll Poll
Current Staff If many feel so strongly ,what would you do to let the board know enough is enough?
2 3
Replies
69
Views
14K
arthurturner
arthurturner
Paul Cannell
Current Staff Proper question for a poll to inform the OUFC board of our belief K. Robinson should be summarily dismissed
Replies
20
Views
5K
Paul Cannell
Paul Cannell
Malc
  • Poll Poll
Board A message for the board, with a poll "I have lost all faith in the manager"
Replies
3
Views
5K
Berliner
Berliner
Royalstandard74
  • Locked
Current Staff A message for the board.
2
Replies
53
Views
9K
Malc
Malc
Back
Top Bottom